Accounting and Finance

Week 1: Mechanics of Financial AccountingIntroduction to financial accounting, Generally Accepted Accounting Principles, fundamental accounting equation, recording of financial transactions and preparation of accounting statements through accounting equation. Week 2: Reading Financial StatementsReading and understanding balance sheet, income statement and cash flow statement Familiarizing all accounting terms that normally appear in financial statements Week 3: Financial Statement AnalysisRatio analysis, understanding relationship between four profitability drivers, assessing financial health through credit scoring model. Week 4: Product CostingPreparation of Cost Sheet in manufacturing and service industry, Job and process costing, Activity-based costing. Week 5: Cost Analysis for Decision MakingBehaviour of costs, Break-even analysis, relevant costing approach for different decision making scenarios. Week 6: Budgeting and variance analysisPreparation of operational and financial budgets, Comparing actual performance against budgets, Price and quantity variance, Controllable and non-controllable variance, Revenue and contribution variances. Week 7: Financial MarketsSources of finance, Angel funding, Venture Capital, Private Equity, Term Loan, Working capital financing and public equity. Week 8: Capital BudgetingPreparing project cash flow statement, measuring cost of capital and evaluating projects (NPV, IRR, Payback period). Week 9: Working Capital ManagementWorking capital cycle, managing inventory, receivables and cash. Week 10: Course ReviewTen important things that you need to remember in Finance.